Originally Posted by
word302
Lol man, I don't know what to tell you. Look up any expert in the energy industry, they're all saying the same thing. We usually only hear about the futures price because it's almost always within cents of the physical price. That hasn't been the case since the beginning of the war. Currently the futures price is being tabled a paper price and not even in the ballpark of the physical price. Never mind that we're depleting our gasoline stores be 4-8 million barrels/week. Diesel stores by almost as much. It's going to take more than a few months to recover from that. No we're never going to run out of gas here, but other countries definitely will and we are exporting a metric s-ton right now.
Exporting US oil is good.
And like I’ve said before, your prediction comes true I’ll remove myself from this forum voluntarily.
I’ll counter with historic patterns of the oil and gas industry. I’m not going to graph it out on my little
phone here, but historically (and adjusting for inflation from the 20-30 yr past, gas at the pump and whatever price per barrel one wants to use. ( I’m going with the easy to view $95 and not a theoretical number your EA article is trying to predict). The $3.50-$4.30 currently being paid (and $6.90 in CA) lines up with the same prices paid in 2022, Obamas years, and if I really dive into it, post 9/11 and 1991.
if I remember gas was roughly $3.00+ after 9/11. I forget what the price per barrel was… I’d be willing to wager adjusted for inflation that lines up with today’s costs.
moral of the story.. we’ve been here before sans the CNN gas price ticker. Basically what I am
saying is you are being conditioned to freak out this time because…. Well we all know why…
Ill ask one question… if by the summer, or later even, if oil is in the $70’s, and gas at the pump in normal States is back in the $2.20-$2.90 range, will you still claim I’m wrong and oil is still at $150? Because if this deal is made, oil will quickly retreat to the 80’s within a few days and gas prices will retreat a good $.040-$0.50 cents shortly thereafter, but your data says the opposite should happen..